- ISIN
- US82889N4593
- CUSIP
- 82889N459
- Issuer
- Simplify
- Inception Date
- Aug 12, 2024
- Category
- Emerging Markets Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $41M
Share Price Chart
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Performance
GAEM Performance Chart
Simplify Gamma Emerging Market Bond ETF (GAEM) is up 4.2% since the beginning of the year. GAEM is currently trading at $27 per share.
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Returns By Period
Simplify Gamma Emerging Market Bond ETF (GAEM) has returned 4.21% so far this year and 12.94% over the past 12 months.
Simplify Gamma Emerging Market Bond ETF
- 1D
- 0.08%
- 1M
- 2.34%
- YTD
- 4.21%
- 6M
- 4.94%
- 1Y
- 12.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
GAEM Monthly Returns History
Based on dividend-adjusted daily data since Aug 13, 2024, GAEM's average daily return is +0.04%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.
Historically, 83% of months were positive and 17% were negative. The best month was Apr 2026 with a return of +4.1%, while the worst month was Mar 2026 at -2.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 1 months.
On a daily basis, GAEM closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +1.8%, while the worst single day was Apr 10, 2025 at -1.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.97% | 0.45% | -2.64% | 4.07% | 0.21% | 1.19% | 4.21% | ||||||
| 2025 | 1.04% | 1.82% | -0.67% | 0.41% | 0.80% | 2.05% | 1.11% | 1.87% | 1.37% | 1.31% | 0.07% | 1.63% | 13.55% |
| 2024 | 1.01% | 1.88% | -0.17% | 2.26% | -1.12% | 3.89% |
Benchmark Metrics
Simplify Gamma Emerging Market Bond ETF has an annualized alpha of 7.85%, beta of 0.20, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since August 13, 2024.
- This ETF captured 32.40% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.52%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.20 may look defensive, but with R2 of 0.44 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.44 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 7.85%
- Beta
- 0.20
- R²
- 0.44
- Upside Capture
- 32.40%
- Downside Capture
- -4.52%
Expense Ratio
GAEM has an expense ratio of 0.76%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GAEM ranks 86 for risk / return — in the top 86% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Simplify Gamma Emerging Market Bond ETF (GAEM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GAEM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.32 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 2.46 | +1.14 |
| Martin ratioReturn relative to average drawdown | 16.38 | 10.92 | +5.46 |
Dividends
Dividend History
Simplify Gamma Emerging Market Bond ETF provided a 7.47% dividend yield over the last twelve months, with an annual payout of $2.02 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.02 | $1.73 | $0.95 |
Dividend yield | 7.47% | 6.50% | 3.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify Gamma Emerging Market Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.13 | $0.14 | $0.14 | $0.14 | $0.14 | $0.00 | $0.69 | ||||||
| 2025 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.40 | $0.00 | $0.13 | $0.40 | $1.73 |
| 2024 | $0.95 | $0.95 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Simplify Gamma Emerging Market Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Simplify Gamma Emerging Market Bond ETF was 3.84%, occurring on Apr 8, 2025. Recovery took 23 trading sessions.
The current Simplify Gamma Emerging Market Bond ETF drawdown is 0.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -3.84%Apr 2025 | 1mo 6d | 1mo 4d | 2mo 10dMar 2025 - May 2025 |
2026 pullback2026 | -3.61%Mar 2026 | 29d | 17d | 1mo 16dFeb 2026 - Apr 2026 |
2025 pullback2025 | -2.17%Jan 2025 | 1mo 5d | 1mo 9d | 2mo 14dDec 2024 - Feb 2025 |
2026 pullback2026 | -1.84%May 2026 | 29d | 13d | 1mo 12dApr 2026 - Jun 2026 |
2025 pullback2025 | -1.50%Oct 2025 | 22d | 11d | 1mo 3dSep 2025 - Oct 2025 |
Drawdown Indicators
| GAEM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.84% | -56.78% | +52.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -9.10% | +5.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.25% | -3.21% | +2.96% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -10.71% | +10.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 2.04% | -1.25% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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